F. Scott Wilson iPhone 860.881.0609 MA Land Line 508.901.5961 Thank you sir. Follows the Archer pattern. Their announcements over the years didn't fit what I'd expect from a company working a serious cert program. I hope they pull it out, especially with Abu Dhabi in the mix. Read the story in the link below, it's loaded with disconnects in Archer's timeline. <586.jpg>
I really believe this eVTOL industry will work. I think Joby is doing pretty well, their story is much more linear & connected. I think this industry is following the same lines of early aviation. DOZENS of new & wacky designs that come & go because of good old Darwinism. Then the stronger ones get sucked up by the mega-money outfits & ultimately only a few survive. I'm calling it the Great Shake-out.
Mike Borfitz Cell 206-714-8797 Kilroy Aviation LLC
Kilroy is available for aviation regulatory and safety issues - Type & Production Certification, Continued Operational Safety - International validation & safety matters - Program & system management - FAA STC ODA Their own filing (ergo, “Our”). PDF previously attached. Screen shot here. Michael Rurik Halaby, FRAeS Who is that quote from? Borfitz
Mike Borfitz Cell 206-714-8797 Kilroy Aviation LLC
Kilroy is available for aviation regulatory and safety issues - Type & Production Certification, Continued Operational Safety - International validation & safety matters - Program & system management - FAA STC ODA On Tue, Mar 24, 2026, 5:01 PM Michael Rurik Halaby via Mifnet < [email protected]> wrote: “Our limited cash and cash equivalents, recurring losses from operations and dependency on raising additional capital indicate that a material uncertainty exists that may cast significant doubt (or substantial doubt as contemplated by PCAOB standards) regarding our ability to continue as a going concern. “
Terrible for the rank and file (zero sympathy for management) unless the owner stumps up more cash.
I guess Archer would buy what’s left (they opened an office in Vertical’s home town).
Share price at $2.98 (IPOed at the equivalent of $100.00). Michael Rurik Halaby, FRAeS
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